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Benzinga
Benzinga
Business
Anusuya Lahiri

Applied Materials Cuts Staff To Stay Ahead In High-Stakes AI Race

Applied Materials Nasdaq AMAT Meta Semiconductor
Applied Materials

Applied Materials Inc. (NASDAQ:AMAT), the world’s leading supplier of equipment, software, and services for manufacturing semiconductor chips, flat-panel displays, and solar products, announced on October 23 a plan to reduce its global workforce by approximately 4%.

Strategic Rationale

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